How to Manage Your Inventory Properly

Tricks of the Trade
By David Scott Peters
Early in my career, I was in a walk-in cooler with a friend and he asked, “What do you see on the shelves?” I started listing what I could see on the shelves, but was hushed by the friend, who told me the answer is money. This was a very important lesson— inventory is money!
You have to understand that inventory is money sitting on your shelves that you can’t pay your bills with. Worse yet, if you have too much ...

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